Fed president James Bullard gave public sale traders a present right this moment.
By David Enna, Tipswatch.com
Buyers in right this moment’s Treasury providing of $15 billion in a 10-year TIPS reopening public sale ought to give a tip of the hat to St. Louis Fed president James Bullard, who shook up the bond market (only a bit) with some hawkish rhetoric on rates of interest. In keeping with CNBC:
“To date, the change within the financial coverage stance seems to have had solely restricted results…